Four companies interested in acquiring Portuguese state’s stake in electricity grid company REN – Redes Energéticas Nacionais

25 October 2011

Lisbon, Portugal, 25 Oct – Portuguese state stake holding company Parpública – Participações Públicas, SGPS said Monday in Lisbon that four companies were interested in acquiring the Portuguese state’s 51 percent stake in electricity grid operator REN – Redes Energéticas Nacionais.

In a statement filed with Portuguese stock market regulator, CMVM, Parpública said that after consultations with potential interested parties it had received, “four statements of interest.”

Similarly to what has happened with the sale of the state’s stake in power company EDP – Energias de Portugal, Parpública did not name the parties interested in REN.

REN is on the list of companies whose state stakes the government plans to sell this year, which in 2012 will be followed by the sale of airport operator ANA, airline TAP and rail cargo operator CP Carga, as well as mail company CTT, Correios de Portugal. (macauhub)